Skip to main content
The Globe and Mail
Support Quality Journalism
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Enjoy Unlimited Digital Access
Get full access to globeandmail.com
Just $1.99 per week for the first 24 weeks
Just $1.99 per week for the first 24 weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); }

In this March 3, 2020, photo, tourists look at the Olympic rings, at Tokyo's Odaiba district in Tokyo.

Eugene Hoshiko/The Associated Press

A study of the worldwide Olympic bureaucracy’s finances concludes there’s far more money available for athletes than what they receive, and that they would be best served by the sort of collective-bargaining arrangement that’s common in pro leagues.

The study, a collaboration between the Global Athlete advocacy group and the Ryerson University Ted Rogers School of Management in Toronto, said the IOC – the largest and most integral cog in the Olympic system – averages US$1.4-billion a year in revenue and spends 4.1 per cent of it on athletes.

Even since the Olympics departed from the amateur-only model on which it was founded, the majority of athletes have been largely dependent on their own sports organizations and national Olympic committees for funding. Lucrative sponsorship deals exist for only a small percentage of top-tier Olympians.

Story continues below advertisement

At the same time, the study says, because the IOC receives most of its revenue (91 per cent) from TV and marketing and virtually nothing from donations, its model is more in sync with professional sports leagues than the family of non-profit organizations it is part of.

The study says those pro leagues return between 40 per cent and 60 per cent of their revenues to the players, while the Olympic movement gives back 4.1 per cent, the bulk of which “is mostly through scholarships, grants and awards for successful competition, numbers which athletes cannot negotiate.”

“If the IOC and its affiliates are unwilling or unable to compensate its athletes, collective bargaining will change the face of the Olympic Movement,” the report concluded, while also underscoring athletes’ chance to grab a central role in reshaping the movement in the wake of the coronavirus pandemic that has delayed the Tokyo Games by a year.

The IOC called the claim that it spends 4.1 per cent of of its revenue on athletes “just plain wrong.”

“It redistributes 90 per cent of all its income generated from the Olympic Games to assist athletes and develop sport worldwide,” the IOC said. “As a result, every day the IOC distributes about US$3.4-million around the world to help athletes and sporting organizations.”

As detailed in its annual report, among the areas the IOC sends money to are international sports federations, national Olympic committees and the World Anti-Doping Agency.

The IOC also sends about 28 per cent of its budget to local organizing committees for the Olympics; in 2016 and 2018, that amounted to US$1.7-billion, the study said. Without the Olympics, there would be no grand stage on which the athletes could perform. That has long been an IOC argument in defending its model, as well as Rule 40, which limits the amount of sponsorship-related revenue athletes can generate during the Games themselves.

Story continues below advertisement

Over recent months, the IOC has allowed countries to relax some of those restrictions, but the study argues athletes would be much better off if Rule 40 were abolished altogether and replaced by collective bargaining.

The study outlined a complex web of Olympic finance and bureaucracy that it says is outdated. It describes a system in which the vast majority of money flows in from broadcasters and sponsors, then filters through hundreds of Olympic-related subsidiaries across the globe before, eventually, a small amount gets to the athletes themselves.

The study estimated the average Canadian athlete in 2013-14 spent about $15,000 more than he or she made in a year.

“If the IOC is truly against the commercial abuse of athletes, it will find a way to pay its athletes back,” the report concluded. “If not, it will be up to the athletes themselves.”

Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies